HIMIPref™ Preferred Indices : December, 2003

All indices were assigned a value of 1000.0 as of December 31, 1993.

HIMI Index Values 2003-12-31
Index Closing Value (Total Return) Issues Mean Credit Quality Median YTW Median DTW Median Daily Trading Mean Current Yield
Ratchet 1,374.1 1 2.00 2.94% 19.9 65M 2.96%
FixedFloater 2,154.8 8 2.00 2.88% 18.2 75M 5.21%
Floater 1,921.9 6 2.00 3.19% 18.7 99M 3.48%
OpRet 1,715.8 27 1.45 3.70% 3.6 96M 4.49%
SplitShare 1,698.6 12 1.75 3.87% 3.2 44M 5.54%
Interest-Bearing 2,091.2 9 2.00 4.39% 0.8 123M 7.59%
Perpetual-Premium 1,347.6 32 1.68 4.84% 5.8 156M 5.44%
Perpetual-Discount 1,551.9 0 0 0 0 0 0

Index Constitution, 2003-12-31, Pre-rebalancing

Index Constitution, 2003-12-31, Post-rebalancing

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